Literary Classics Of The United States Inc
Literary Classics Of The United States Inc maintains strong asset growth and reports no officer compensation over a decade.
EIN: 132986916 · New York, NY · NTEE: A76Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.6M |
| Total Expenses | $6.1M |
| Program Spending | 90% |
| Net Assets | $30.6M |
| Transparency Score | 95/100 |
Is Literary Classics Of The United States Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Literary Classics Of The United States Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Literary Classics Of The United States Inc
Literary Classics Of The United States Inc (EIN: 132986916) is a nonprofit organization based in New York, NY, classified under NTEE code A76Z. The organization reported total revenue of $8.6M and total assets of $37.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Literary Classics Of The United States Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Literary Classics Of The United States Inc is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.0M |
| Total Expenses | $6.1M |
| Surplus / Deficit | $-125,306 |
| Total Assets | $35.3M |
| Total Liabilities | $4.7M |
| Net Assets | $30.6M |
| Operating Margin | -2.1% |
| Debt-to-Asset Ratio | 13.3% |
| Months of Reserves | 69.4 months |
Financial Health Grade: B
In 2023, Literary Classics Of The United States Inc reported a deficit of $125K with expenses exceeding revenue, holds 69.4 months of operating reserves (strong position), has a debt-to-asset ratio of 13.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Literary Classics Of The United States Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.3% | -1.3% | +16.2% |
| 2022 | -13.2% | -8.0% | -6.5% |
| 2021 | +32.5% | +15.7% | +22.1% |
| 2020 | -2.5% | +7.4% | +3.9% |
| 2019 | -27.5% | -3.5% | +5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Literary Classics Of The United States Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Literary Classics Of The United States Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $125K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual and indicates that the organization's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, suggesting a very high dedication of funds to mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Literary Classics Of The United States Inc:
- Consistent asset growth, nearly doubling from $18.4M in 2014 to $35.2M in 2023.
- Reports 0% officer compensation across all available filings, indicating high efficiency and dedication of funds to mission.
- Strong financial stability with liabilities consistently a small fraction of total assets.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency.
- Generally positive net income over the past decade, contributing to reserves and growth.
Frequently Asked Questions about Literary Classics Of The United States Inc
Is Literary Classics Of The United States Inc a legitimate charity?
Literary Classics Of The United States Inc (EIN: 132986916) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $8.6M. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Literary Classics Of The United States Inc spend its money?
Literary Classics Of The United States Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Literary Classics Of The United States Inc tax-deductible?
Literary Classics Of The United States Inc is registered as a tax-exempt nonprofit (EIN: 132986916). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Literary Classics Of The United States Inc's spending goes to programs?
Literary Classics Of The United States Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Literary Classics Of The United States Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Literary Classics Of The United States Inc is above average for NTEE category A76Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Literary Classics Of The United States Inc located?
Literary Classics Of The United States Inc is headquartered in New York, New York and files with the IRS under EIN 132986916. It is classified under NTEE code A76Z.
How many years of IRS 990 filings does Literary Classics Of The United States Inc have?
Literary Classics Of The United States Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $8.6M in total revenue.
Is Literary Classics Of The United States Inc a good charity?
Based on the available financial data, Literary Classics Of The United States Inc appears to be a very good charity. It demonstrates strong financial health with growing assets, consistent revenue, and, notably, reports 0% officer compensation, suggesting a high dedication of funds to its mission.
How has the organization's asset base changed over time?
The organization's assets have shown significant and consistent growth, increasing from $18,462,418 in 2014 to $35,285,749 in 2023, nearly doubling in a decade.
What is the trend in revenue versus expenses?
Generally, revenue has exceeded expenses in most years, contributing to asset growth. For example, in 202206, revenue was $6,738,720 against expenses of $6,182,123. The 202306 period showed a slight deficit with $5,975,822 in revenue and $6,101,128 in expenses, but this is an exception rather not the norm over the long term.
Filing History
IRS 990 filing history for Literary Classics Of The United States Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Literary Classics Of The United States Inc's revenue has grown by 6.9%, moving from $5.6M to $6.0M. Total assets increased by 129.5% over the same period, from $15.4M to $35.3M. Total functional expenses rose by 21.7%, from $5.0M to $6.1M. In its most recent filing year (2023), Literary Classics Of The United States Inc reported a deficit of $125K, with expenses exceeding revenue. The organization holds $4.7M in liabilities against $35.3M in assets (debt-to-asset ratio: 13.3%), resulting in net assets of $30.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.0M | $6.1M | $35.3M | $4.7M | — | View 990 |
| 2022 | $6.7M | $6.2M | $30.4M | $1.6M | — | View 990 |
| 2021 | $7.8M | $6.7M | $32.5M | $1.2M | — | View 990 |
| 2020 | $5.9M | $5.8M | $26.6M | $1.3M | — | View 990 |
| 2019 | $6.0M | $5.4M | $25.6M | $745K | — | View 990 |
| 2018 | $8.3M | $5.6M | $24.2M | $664K | — | View 990 |
| 2017 | $6.0M | $5.9M | $21.2M | $1.3M | — | View 990 |
| 2016 | $5.8M | $5.3M | $19.6M | $947K | — | View 990 |
| 2015 | $5.6M | $5.3M | $19.3M | $1.0M | — | View 990 |
| 2014 | $4.7M | $5.0M | $18.5M | $780K | — | View 990 |
| 2013 | $5.6M | $5.5M | $17.6M | $1.1M | — | View 990 |
| 2012 | $6.8M | $5.4M | $16.8M | $1.3M | — | View 990 |
| 2011 | $5.6M | $5.0M | $15.4M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.0M, expenses of $6.1M, and assets of $35.3M (revenue -11.3% year-over-year).
- 2022: Revenue of $6.7M, expenses of $6.2M, and assets of $30.4M (revenue -13.2% year-over-year).
- 2021: Revenue of $7.8M, expenses of $6.7M, and assets of $32.5M (revenue +32.5% year-over-year).
- 2020: Revenue of $5.9M, expenses of $5.8M, and assets of $26.6M (revenue -2.5% year-over-year).
- 2019: Revenue of $6.0M, expenses of $5.4M, and assets of $25.6M (revenue -27.5% year-over-year).
- 2018: Revenue of $8.3M, expenses of $5.6M, and assets of $24.2M (revenue +38.1% year-over-year).
- 2017: Revenue of $6.0M, expenses of $5.9M, and assets of $21.2M (revenue +4.2% year-over-year).
- 2016: Revenue of $5.8M, expenses of $5.3M, and assets of $19.6M (revenue +2.4% year-over-year).
- 2015: Revenue of $5.6M, expenses of $5.3M, and assets of $19.3M (revenue +18.7% year-over-year).
- 2014: Revenue of $4.7M, expenses of $5.0M, and assets of $18.5M (revenue -15.6% year-over-year).
- 2013: Revenue of $5.6M, expenses of $5.5M, and assets of $17.6M (revenue -17.2% year-over-year).
- 2012: Revenue of $6.8M, expenses of $5.4M, and assets of $16.8M (revenue +21.4% year-over-year).
- 2011: Revenue of $5.6M, expenses of $5.0M, and assets of $15.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Literary Classics Of The United States Inc:
Data Sources and Methodology
This transparency report for Literary Classics Of The United States Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.